Transcript for Clip 1 -- Family Farm/ Why Biotech?:
The reason we have biotech traits in Pioneer Hybrids in soybeansâ€¦[is] to bring value to every individual acre of a [farm]. As I speak today, corn prices are not highâ€¦.It's difficult for a grower to raise corn prices. However that grower can cut costs or farm more efficiently through biotech traits and that is the core of it. You've got these traits that help you farm more efficiently, farm cheaper, grow more yields per acre and perhaps at some point in time, get more money per acre of land because you're growing an end-use trait that someone else values. That's essentially the reason we have biotechnology as one of the choices at Pioneer.
The world population since I've started this sentence has increased. The amount of land that is available to produce food is decreasing. What we have to do on this planet Earth is to produce more on each acre of land in order to meet the food needs of the twenty-first century. In my book, the only way we can do that without dramatically destroying land that is dedicated toward forests and rainforests and land that we love to look at is by applying biotechnology.